73 million sharks are killed yearly for shark fin soup. The Peninsula Hotels recognises that sharks around the world are increasingly threatened with extinction, primarily due to unsustainable fishery practices. To support the conservation of marine bio-diversity, and given the difficulty of identifying shark fin products that have come from non-threatened species and those subject … Read more
Brunello Cucinelli Files for IPO in Milan Cashmere maker follows peer Salvatore Ferragamo, which listed its stock in Milan on June 29. Brunello Cucinelli, founder and owner of the company, said he had filed a request with regulators to list a third of his company’s stock in Milan despite the difficult market conditions that have … Read more
Auction houses outfox Chinese antiquity fakers The demand for Chinese antiquities has exploded, helping propel Hong Kong to third spot in the global auction market behind London and New York. Auction houses Sotheby’s and Christie’s together raised over $460 million from sales of Chinese antiquities and art works last year, but the market has also … Read more
Chefs return from London and New York as India’s richest demand glamour and global cuisine
The consumer’s call for all products – food, cosmetics and luxury – is identical: quality and no fear from health hazards inside those products. How will these industry groups follow the trend and respond to that consumer demand? How can a vertical industry change to revert from processing to farming ? These are the questions … Read more
Watch exports reached a very high level in 2011, creating a new landmark in their remarkable growth over recent years. With exports of nearly 19.3 billion francs, Swiss watchmakers exceeded their previous annual result by 19.2%. Except for 2010, which followed a major downturn, growth in the last 20 years has never been so strong. … Read more